500 Snead Dr, Hemet, CA 92543
2 beds · 2 baths · 1,038 sqft
Welcome to this charming 2-bedroom, 2-bathroom home located in a vibrant 55+ community. This well maintained, freshly painted residence offers a comfortable and inviting living space, ideal for those looking to enjoy a relaxed lifestyle. Low maintenance yard with a new drip system that features a large covered patio, citrus trees and roses. You'll enjoy a separate laundry room with loads of storage. So many thoughtful additions, custom interior & exterior paint and lighting fixtures, double paned windows, ceiling fans, new garage door opener with security doors front and back. Newer A/C, furnace & duct work. In the family room, cozy up next to the beautiful brick fireplace. The home features an open floor plan, with spacious bedrooms and well-appointed bathrooms that make it perfect for everyday living. All this on a friendly cul-de-sac. Down a private walkway to the numerous community amenities. Including a refreshing pool, a dog park for your furry companions, and a clubhouse for social gatherings and activities. For those who enjoy a bit of friendly competition, there's also a shuffleboard court. Plus, it's conveniently located a short stroll to Echo Hills Golf Course, where you can enjoy scenic views and a round of golf. This home is ideally situated near public transportation, shopping, and restaurants, providing easy access to all the essentials and local conveniences. Whether you're enjoying the community's amenities or exploring the surrounding area, this home offers everything you need for a fulfilling and enjoyable lifestyle. Ready for you to move right in!
Source: CRMLS #SW25027682
Financials
Source: CRMLS #SW25027682
Source: Public records
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50%. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Other resourcesWhat is Roam?
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
What is an assumable mortgage?
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
Why is an assumable mortgage valuable?
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
How can you find assumable mortgage listings?
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Get Notified” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
How do I qualify for an assumable mortgage?
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.